Brazil Cooperatives Sell Less Overseas, But Revenues Grow 28%

Cooperativa AgrÀ­cola de Cana from Campo Novo de Parecis, Brazil Cooperatives in Brazil had revenues of US$ 1.86 billion with exports in the first half of this year. They increased their sales by 28.4% when compared to the same period in 2007, according to a study by the Organization of Brazilian Cooperatives (OCB).

In terms of volume, the cooperatives in the country exported 3.5 million tons of the product, against 3.8 million in the previous period. There was a reduction in the volume sold.

The OCB pointed out that the increase in revenues obtained was due to appreciation of the Brazilian real against the dollar. And he also recalls that the percentage of growth was above that of national exports as a whole, which grew 23.8% from January to June.

The products that led in the ranking of cooperative exports were the soy complex. They answered to 34.8% of total revenues obtained, with US$ 648.68 million. Sales of soy and its concoctions grew 73.24% over the same period in 2007. The sector of meats posted the second best performance, US$ 410.94 million. Meats answered to 22.10% of the total sold by cooperatives.

The main market for cooperative products abroad was China. The Chinese bought 12.28% of the total exported by the sector, with US$ 228.25 million. In the same period in 2007, China answered to just 10.79%. According to OCB, the increase took place due to sales of the soy complex, mainly grain. The remaining importers were Germany, the Netherlands, Russia, the United States and Japan.

The cooperatives of the state of Paraná were the ones that most exported in Brazil. They shipped abroad 36.6% of the total, for a value of US$ 680.55 million. There was growth. In the first half of last year, cooperatives had exported US$ 430.58 million. In that period, soy and meats were also the main products sold.

Anba

Tags:

You May Also Like

Brazil’s TAM Airlines Reelects Two Women as Chairman of the Board and Chairman

TAM S.A., Brazil’s largest airline company, reelected the members of its Board of Directors ...

Brazil Radio Station Set on Fire for 3rd Time. Mayor Main Suspect

Brazilian Nova Coari radio, in Amazonas state, in northern Brazil, was set on fire ...

Brazil Senate Scandal: Secret Bank Account and Private Bunker for Sex

Brazil's Senate – whose president José Sarney, a former president of the nation, has ...

Calendar

Although this year’s Carnaval that took place in June in San Francisco is just ...

Oil Gives Rio a Boost Taking Brazil’s State Out of the Red

The good result in the trade balance of southeastern Brazilian state of Rio de ...

Brazil’s Public TV Will Target 3 Million Brazilians Overseas

Tereza Cruvinel, the chairwoman of Brazilian state-owned communications company Empresa Brasil de Comunicação (EBC), ...

Natal, Brazil: Sand, Sun and Solitude or Hassle, Hustlers and Hookers

About 20 years ago I bought a Lonely Planet guide to Brazil and was ...

Forecast Still On: Brazil’s GDP to Grow 3.4% This Year

In its March Conjunctural Bulletin, published Wednesday, March 8, Brazil’s Institute of Applied Economic ...

Wherever Sí£o Paulo Goes, Brazil Will Follow

Two years ago Brazil elected a left-wing president, Lula from the Workers Party (PT). ...

Brazilian senator Eduardo Azeredo

Nobody’s Clean. Brazil’s Opposition Dirty Laundry Now Exposed.

The corruption scandal that has dominated Brazilian politics for the last seven months has ...